iOS app Android app

Petrodollar

Wake Up America: the Real Threat Beside Iran's Nuclear Deal Is Saudi Arabia's Wahabism Ideology

David Oualaalou | Posted 09.08.2015 | Politics
David Oualaalou

If lawmakers returning to Washington this week are doing their homework, they'll realize Iran's nuclear deal isn't the only threat to international security at home and abroad. Our radical Islamic ally, Saudi Arabia, is also part of the problem, both in the Middle East and beyond.

How $40 Oil Would Impact Canada's Provinces

Jeffrey Rubin | Posted 03.08.2015 | Business
Jeffrey Rubin

If $40 a barrel still seems a ways off, consider that the benchmark price for oil sands crude is already trading in that price range. What's more, if production from high-cost sources isn't withdrawn from an oversupplied market, oil prices may soon be trading even lower.

Non-Dollar Trading Is Killing the Petrodollar -- And the Foundation of U.S.-Saudi Policy in the Middle East

Alastair Crooke | Posted 02.01.2015 | World
Alastair Crooke

This new oil price drop simply is crushing producers' currencies in foreign exchange markets. The combination of the petrodollar losing its ability to act as a store of value, combined now with exchange rate blues, may be the straw that breaks the producer "camel's back" in respect to OPEC and dollar denomination. Such a moment would seem ripe for Russia and Iran to begin a gradual challenge to Saudi's leadership of the OPEC cartel and to the dollar-denominated energy system, if enough OPEC members and other producers are prepared to rebel. Iran has been lobbying hard in this direction.

The New Monetary Standard

Aurelia Condrat | Posted 07.05.2014 | Business
Aurelia Condrat

Without any doubt in this moment we can not talk about the dollar but about the "energo dollar" or "petrodollar," currencies that are not within reach of the common people which ultimately bring prosperity.

If You Don't Believe We're Already Back on a Gold Standard, Think Again

Max Keiser | Posted 11.24.2013 | Business
Max Keiser

Surprisingly, a few days later Warren Buffett made the same observation. He said "the Fed is the greatest hedge fund in history." For Warren, this is great. He is on the receiving end of the biggest transfer of wealth in history from workers and savers to borrowers and speculators.